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Events / Business / THL Partners acquires majority stake...
Business private equity acquisition

THL Partners acquires majority stake in Queue-it

Analysis based on 6 articles · First reported Aug 18, 2026 · Last updated Aug 18, 2026

Sentiment
30
Attention
2
Articles
6
Market Impact
General
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Market Impact

The acquisition is expected to provide Queue-it with capital and expertise to accelerate growth and expand internationally, potentially increasing its market share in the traffic orchestration software niche. For Thomas H. Lee Partners, the deal adds a mission-critical software platform to its portfolio, aligning with its IT Operations & Data investment focus, and may enhance its returns through future growth.

Software IT Services Private Equity
Event Summary

Queue-it, a Copenhagen-based provider of online traffic orchestration solutions, announced a definitive agreement for a majority investment from Thomas H. Lee Partners, a private equity firm. The transaction, made through THL's Automation Fund II, will support product innovation and global expansion. Financial terms were not disclosed. The deal is subject to customary closing conditions, including regulatory approvals. GROW Investment Group, the selling shareholder, will exit its stake. Queue-it's CEO Jesper Essendrop will continue to lead the company. THL plans to preserve Queue-it's culture and identity while providing resources for growth. The investment reflects THL's focus on IT Operations & Data and the growing need for intelligent traffic orchestration driven by AI and increasing online traffic.

Key Actions
100 Thomas H. Lee Partners agreed to acquire Queue-it
90 GROW Investment Group sold majority stake Thomas H. Lee Partners
Entities Involved
priv
Queue-it
Queue-it is the target of the majority investment, gaining access to THL's capital and scaling expertise to accelerate product innovation and global expansion. The deal is expected to strengthen its market position and support growth.
Importance 100.0 Sentiment 70.0
priv
Thomas H. Lee Partners
Thomas H. Lee Partners is the acquiring private equity firm, making a majority investment through its Automation Fund II. The acquisition aligns with its IT Operations & Data focus and is expected to generate returns through Queue-it's growth.
Importance 90.0 Sentiment 60.0
per
Jesper Essendrop
Jesper Essendrop is the CEO of Queue-it and will continue to lead the company post-acquisition. His leadership is seen as key to preserving Queue-it's culture and driving future growth.
Importance 60.0 Sentiment 50.0
priv
GROW Investment Group
GROW Investment Group is the selling shareholder, exiting its stake in Queue-it. The sale provides a return on its investment and allows GROW Investment Group to realize gains from Queue-it's growth.
Importance 50.0 Sentiment 40.0
per
Jordan Webber
Jordan Webber is a Managing Director at Thomas H. Lee Partners and a spokesperson for the deal. He expressed confidence in Queue-it's platform and the partnership's potential.
Importance 30.0 Sentiment 30.0
cnt
Denmark
Denmark is the home country of Queue-it, which is headquartered in Copenhagen. The deal highlights Denmark's tech sector and may have positive implications for the local economy.
Importance 30.0 Sentiment 30.0
per
Lauren Wedell
Lauren Wedell is a Principal at Thomas H. Lee Partners, involved in the investment. She highlighted Queue-it's mission-critical technology and the firm's support for its growth.
Importance 20.0 Sentiment 20.0
per
Lars Dybkjaer
Lars Dybkjaer is the Managing Partner at GROW Investment Group, the selling shareholder. He commented on Queue-it's successful journey and the company's growth under GROW Investment Group's ownership.
Importance 20.0 Sentiment 20.0
stock
Houlihan Lokey
Houlihan Lokey served as financial advisor to Queue-it in the transaction, providing advisory services.
Importance 10.0 Sentiment 10.0
priv
Bech-Bruun
Bech-Bruun acted as legal counsel to Queue-it, providing legal advice for the transaction.
Importance 10.0 Sentiment 10.0
priv
Freshfields
Freshfields acted as legal counsel to Thomas H. Lee Partners, providing legal advice for the acquisition.
Importance 10.0 Sentiment 10.0
priv
Plesner Advokatpartnerselskab
Plesner Advokatpartnerselskab acted as legal counsel to Thomas H. Lee Partners, providing legal advice for the acquisition.
Importance 10.0 Sentiment 10.0
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